New quarantine rules threaten IAG rights issue

Aidan Gregory,

Sam Kerr

July 27, 2020 12:15 pm

BA_plane_PA_575x375_July27 — A British Airways Boeing 747 aircraft which first flew on the 18/09/1997, parked with its engines removed at Cotswold Airport, which is the home of Air Salvage international who dismantle end-of-life aircraft. The airline is to retire its fleet of Boeing 747s with immediate effect. | Ben Birchall/PA

The UK government’s decision over the weekend to reintroduce a quarantine on travellers from Spain is set to make a rights issue far more difficult for International Consolidated Airlines Group (IAG), the airline holding company which owns British Airways, according to equity capital markets sources.

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Topics

Spain Equity UK Europe Follow-ons and Rights issues EMEA

AG

Aidan Gregory

SK

Sam Kerr